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3412 192nd St 2,400 SF 1% Leased Retail Building Flushing, NY 11358 $2,582,452 CAD ($1,076.02 CAD/SF) 4.57% Cap Rate



INVESTMENT HIGHLIGHTS
- Great location in the intersection of Francis Lewis and 34th.
- Conveniently located near shops, restaurants, parks, and schools.
EXECUTIVE SUMMARY
A completely remodeled office, plus 2 residential units, offers the perfect blend of residential and professional spaces. Situated on a 40'x100' lot with a building size of 26.5'x52' and zoned R5B, it’s ideal for investors, business owners, or families seeking versatility, and allows the owner to add one more floor above the current structure. The building was completely remodeled 3 years ago, with new wiring, new plumbing, new AC, new furnace, new floor, new kitchen, and new bathroom. You won't face any major upgrades in the following years. The first floor features a spacious office space, perfect for a law office, medical practice, or other professional use. The second floor features two well-designed residential units, each with one bedroom, one bathroom, a cozy living room, and a functional kitchen, offering excellent rental income potential. Outdoor amenities include a 3-car driveway and a generous backyard, perfect for relaxing, entertaining, or gardening. Conveniently located near shops, restaurants, parks, and schools, this property offers easy access to the Q28 and Q76 bus lines, as well as the Auburndale LIRR station. This is a rare opportunity to own a property that combines business and residential living. Lease for Office Space also available. The rent roll Possible : 1st floor $6500/m, 2nd floor $4600/m, Contact Clara Jeong 929-312-0250
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,400 SF
Building Class
C
Year Built
1970
Price
$2,582,452 CAD
Price Per SF
$1,076.02 CAD
Cap Rate
4.57%
NOI
$118,110 CAD
Percent Leased
1%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.61
Lot Size
0.09 AC
Zoning
R5B - Mix Use commercial/Residential Property in R5B zoning with S2 Classification.
Parking
2 Spaces (0.83 Spaces per 1,000 SF Leased)
Frontage
47’ on 192nd St
AMENITIES
- Signage
- Storage Space
- Fiber Optic Internet
Walk Score®
Very Walkable (88)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 05260-0015 | Improvements Assessment | $63,092 CAD |
| Land Assessment | $14,626 CAD | Total Assessment | $77,718 CAD |
PROPERTY TAXES
Parcel Number
05260-0015
Land Assessment
$14,626 CAD
Improvements Assessment
$63,092 CAD
Total Assessment
$77,718 CAD
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3412 192nd St
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